Joint Stock Company — Important Questions
ICSE · Class 9 · Commercial Studies
54 important questions from Joint Stock Company for ICSE Class 9 Commercial Studies, with answers. Part of the ICSE Class 9 Commercial Studies syllabus.
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Important Questions from Joint Stock Company
Which statement about company registration is correct?
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Company registration is compulsory
A company must be registered under the law.
Which law governs companies in India?
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The Companies Act, 2013
Companies in India are governed by the Companies Act, 2013.
Which of the following is a feature of a joint stock company?
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Separate legal existence, Perpetual succession, Common seal
A company has separate legal existence, perpetual succession, and a common seal. Unlimited joint liability is a feature of partnership, not a company.
What is the liability of a company member generally limited to?
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Face value of shares held or amount of guarantee given
A member’s liability is generally limited to the face value of shares held or the amount of guarantee given.
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Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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